340 N Walker St Braidwood, IL 60408
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About this home
This beautifully maintained 4-bedroom, 2.5-bath Cape Cod in Braidwood sits on a generous 3/4-acre lot, offering the best of both worlds-peaceful space and privacy with the convenience of city water and sewer. Ideally located just 3 minutes from I-55, this Braidwood home shines with quality updates throughout. The kitchen features painted cabinetry, newer stainless-steel appliances, granite countertops, a stylish subway tile backsplash, and a breakfast bar perfect for casual dining. The main-floor primary suite includes a spacious walk-in closet and private bath, with an adjoining bedroom featuring a cozy fireplace-ideal for a nursery, reading nook, or related living. Upstairs, two additional bedrooms and a half bath provide flexible living space. The home includes hardwood floors in the kitchen and living room, new luxury vinyl plank in the first-floor bedrooms, and brand-new carpet upstairs. RECENT UPDATES: NEW hot water heater, two NEW sump pumps, new deck, newer triple-pane windows, $4,000 shed, and a roof approximately eight years old, CHI Garage Door installed in 2021, RAINSOFT Water Softener System installed in 2019 ($6,000 improvement), new microwave, dryer vent just replaced, second floor and staircase have brand new carpet installed right before listing, and new LVP floors in the master bedroom and fireplace room installed in 2022. OUTSIDE, enjoy an attached heated 2.5-car garage, a spacious 20x30 deck, and a long three-car-wide driveway with room for up to eight cars. The huge backyard is perfect for gatherings, gardening, an RV, boat, or future projects. This Braidwood dream home is move-in ready and waiting for you!
Source: MRED #12499947
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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